Tungsten Market Fever Persists - August 20, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

In recent days, tungsten prices have been rising rapidly by RMB 5,000-10,000/ton per day. 

Previously, China Tungsten Online analyzed that this surge in tungsten prices is primarily due to the convergence of multiple factors—supply contraction, growing demand, policy support, and market sentiment—and that there is fundamental support behind this surge. However, with speculative sentiment continuing to build and the market showing signs of "overheating," China Tungsten Online urges all industry players to exercise caution and avoid blindly following trends. From the perspective of industry development patterns, any market requires a rational and smooth value transmission system, and ultimately, demand determines price. Given that the current production capacity of China's tungsten product industry chain exceeds market demand, and there is no significant expansion in market demand in the short term, prices will eventually return to the fundamentals of supply and demand. The long-term, stable development of the market still depends on industry chain collaboration, technological innovation, and quality improvement, driven by final demand.

As of press time,

The price of 65% wolframite concentrate was reported at RMB 216,000/ton, a 51.1% increase from the beginning of the year. 

The price of 65% scheelite concentrate was RMB 215,000/ton, up 51.4% from the beginning of the year.

The price of ammonium paratungstate (APT) was RMB 320,000/ton, up 51.7% from the beginning of the year.

The price of tungsten powder was RMB 475/kg, up 50.3% from the beginning of the year.

The price of tungsten carbide powder was RMB 465/kg, up 49.5% from the beginning of the year.

The price of 70% ferrotungsten was RMB 320,000/ton, up 48.8% from the beginning of the year.

The price of scrap tungsten bar was RMB 362/kg, up 64.5% from the beginning of the year.

Prices of Tungsten Products on August 20, 2025

Tungsten Price Trend from January to August 20, 2025

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